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  • China - the world’s largest market for new car sales
    25 Apr 2017

    China expects its annual automobile production output to reach 30 million by 2020 and 35 million by 2025. The car sales are expected to rise also, new energy sales might reach 2 million units by 2020. Today China is the world’s largest market for new car sales. Last year 28 million cars were sold in China, and if it’s going to reach those expected 35 million, this amount is gonna be nearly double the 17,5 million units sold in United States last year. The country’s focus on NEVs, a category that includes battery electric cars, plug-in hybrids and fuel-cell cars, wou...

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  • Ralph Lauren Corp. experience helps shape auto retail strategies
    25 Apr 2017

    Growing up in suburban Detroit, dealer Katie Bowman Coleman lived too far from her dad's rural dealership to work summers there. Instead she sold clothes, which interested her far more than cars anyway. Coleman, now president of Bowman Chevrolet in Clarkston, Mich, says she watched her dad go through a lot of hard knocks in the car business. That was influential to making her think she was not sure she wanted to go into that business. But she was always interested in retail and she liked fashion.  So Coleman pursued a fashion career that led her to New York and Australia. But in ...

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  • BMW 5 Series is the most wanted car of the brand?
    24 Apr 2017

    BMW dealers asking for more of the newly launched 2017 BMW 5 Series cars. They say they don’t have enough of the product. It’s not like they beg for more, but since there are a lot of interested buyers they really need more supply.  At the end of March, BMW had just 200 unsold sedans in dealer inventory. They began arriving at dealerships on mid-February. Customers had preordered about about 2,000. Production and deliveries have ramped up since the end of March, a BMW spokesman said. Dealers on average should have a two- to three-week supply now during the launch. For the...

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  • Trumpchi car brand faces name change before reaching the US market
    21 Apr 2017

    Guangzhou Automotive Group is considering renaming its Trumpchi brand before it starts to sell cars in America in 2019. The reason is obvious, as the brand name GAC Motor has chosen doesn't necessarily sit well with all prospective customers.   The reasoning behind the Trumpchi name has to do with the romanization of a Chinese brand name GAC Motor had begun using, "Chuanqi". That name, loosely translated, means "legendary" in Chinese, and it's something the automaker wanted to convey in a more easily pronounced way, choosing "trump" for, well, tr...

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  • Lynk & Co delays sales launch for U.S. and Europe
    20 Apr 2017

    China's Zhejiang Geely Holding Group has delayed Lynk & CO's sales launch in Europe and the United States because it needs more time to establish a company-owned dealership network. Alain Visser, Lynk & CO's senior vice president of marketing and sales, said that they will start in Europe between the first quarter and the first half of 2019 and enter the U.S. some months later.   Originally, Lynk planned to debut in both markets in late 2018, starting with sales of the 01 compact crossover. Volvo Car Corp.’s sister brand also revealed this week that Berlin a...

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